Topics regarding layoffs at Newpark Resources Inc.

Topics regarding layoffs at Newpark Resources Inc.

All you need to know

Fluids margins 1.5% (down from 2.4%). Words from the CEO: Additionally, in a scenario in which we successfully exit the Fluids business, we anticipate a further opportunity to simplify our overhead structure and drive a meaningful SG&A cost... —  read more 

Too many useless people

Maybe it's not a nice thing to say, but the company has a lot of useless people for whom no one knows what they actually do. Why don't they finally get rid of those pretenders? On the other hand, many of us are overwhelmed with work.

Q1 2023 CC

Needless to say, fluids numbers are ABYSMAL. 2.5% margins in fluids? Folks, we have been in a North American drilling bo-m for almost 24 months, that’s the best you can do? How about departing The Woodlands and uproot to The Katy Palace that was... —  read more 

The WTX Clown Show

Looks like they are finally trying to make changes in WTX. New leadership promoted from within is a good thing for company morale but a bad thing for the division. A million + in salesmen salaries for salesman that don’t and prob won’t hold any... —  read more 

NR financials 2022

Newpark Resources (NYSE:NR) Full Year 2022 Results Key Financial Results Revenue: US$815.6m (up 33% from FY 2021). Net loss: US$20.8m (loss narrowed by 18% from FY 2021). US$0.23 loss per share (improved from US$0.28 loss in FY 2021). —  read more 

A steaming pile of Sh**

Fluids q3 snapshot: $24.2 m LOSS, -14.3% margins. Cash on hand: substantially lower, current debt: substantially higher. Just when you think it can’t get any worse, it really does. You functional illiterates need a business class on how to run a... —  read more 

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Post ID:  @OP+1juGfYGj

Q2 2022 Financials/CC

Simply laughable. 0 analysts with questions. A long term going out of business sale! Every officer of the company should be fired today. Every manager and salesman that has not been consistently turning 50% margins or greater, should be sh-t... —  read more 

Q1 conference call

1 analyst only with a question. Folks, that should tell you all you need to know. When will the activist board member force hard changes? You certainly don’t need to be a brain surgeon to see this.

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Post ID:  @OP+1gKU5acm

More of the same

Q4 financials out this afternoon. Fluids with a profit of $900k on an underwhelming .7 margin! But this is without corporate overhead of $26m. And read further down folks, $4.3m sales of property, equipment and assets contribute as well. Not to... —  read more 

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Post ID:  @OP+1fmMiwrn

The Night Before Christmas

Twas the night before Christmas, And all thru Howes house Not even a sound More Lost money just blowing around Come Paterson, come Vollands Come Armand, come all Howes will say your the ones That really dropped the ball As we all predicted The... —  read more 

What a great 2 weeks for Newpark

1st ~ they fire presidency of fluids (again), then major investor calls for split of company. Noted that fluids “is a sinking ship” and corporate overhead is out of control. Folks, it’s only going to get worse in fluids. You get what you pay... —  read more 

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Post ID:  @OP+1e14TqEt

What a legacy!

Continued quarterly losses with negative margins. By almost all metrics, failure at all levels. PH’s decision to “get younger” is the gift that keeps on giving! Enjoy this options boys! Fluids is the laughing stock of the patch.

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Post ID:  @OP+1cgGdv3w

Donkey BBQ Q3

$24m q3 loss for NP. Fluids contributes $19m loss with NEGATIVE 28% margins. But, but, but - we have increased market share. Amazing marketing plan NOT. Give it away and play the blame game on Hurricane season. PH AINT gotta clue.

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Post ID:  @OP+17K8E4Jm

Rig Count 284

Down 17. How low she go? I say rig count bottoms out in June at 250-275. Slim pickings for sure. Q2 numbers will be ugly folks. Reactive vs proactive management takes too long to adjust to market. What happened to all the “we can differentiate... —  read more 

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